[Laissez-faire capitalist]

Yet, Obama and fellow Dems are engaging in capitalism-bashing and trying to blame the economic collapse on Wall Street.

It was Democrats - desiring to engage in social engineering - that laid the foundation for the economic meltdown. The Community Reinvestment Act, Fannie & Freddie and Democrats forced banks into making bad home loans. Fannie & Freddie bought up hundreds of billions of dollars worth of bad loans and cooked the books, allowing banks to get away with predatory lending.

[foreshadowed at waco]

Is the date on the article supposed to be 9/30/99?

[353FMG]

The whole world is suffering but these a-holes go scott-free. I bet that the bottom of hell is lined with politicians and lawyers.

[Laissez-faire capitalist]

Obama and his fellow Dems still try to blame Wall Street and capitalism. Obama is using the economic meltdown to push his pork-barrel laden “stimulus” plan, which is nothing more than a socialist agenda, and attacks anyone who opposes his policies - like Rush Limbaugh or Sean Hannity.

Obama is using fear-mongering and personal attacks to tary and silence dissent. But, dissent is still the highest form of patriotism. Americans must adhere to the Constitution, not any man or his policies.

[DJ Frisat]

Bet this article disappears from the NYT archives pretty quickly...

[kenn5]

Yes, always blame the democrats. It could never be the republicans fault even though they controlled congress and/or the presidency for many years before and after when this article was written.

[Tublecane]

“Yet, Obama and fellow Dems are engaging in capitalism-bashing and trying to blame the economic collapse on Wall Street.”

I recently watched a History Channel “documentary” which blamed the Great Depression on Andrew Mellon and our current troubles on, get this, Reagan, Clinton, and Greenspan (whom they present as being a champion of free markets. Ha!). The fix is in. Always has been.

[SuziQ]

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.

How prescient. Too bad they didn't make this information available again during this past election, but that would have been an "Inconvenient Truth" wouldn't it?

[Just mythoughts]

There is nothing left that liberals will not use with tax payer dollars to buy elections. And then they can bring out their printing presses and print more dollars if the ‘crisis’ becomes bigger than what they can legislate.

And if you opposed them then you are Nazi-Hitler like. Not Stalin like, or Mao like but Hitler like.

[1066AD]

New Agency Proposed to Oversee Freddie Mac and Fannie Mae ,
from NYT 9/11/2003.

[Mike Darancette]

I see that it was clearly George W Bush’s fault.